For the Week: The S&P500 rallied 2.3% (up 25.8% y-t-d), and the Dow rose 1.7% (up 17.5%). The Utilities were little changed (up 11.7%). The Banks gained [...]
The Fed doubled monthly taper to $30 billion, which, if uninterrupted, will wind down QE by the FOMC’s March 17th meeting. The S&P500 briskly popped 1.6% [...]
In such an extraordinary environment, I’ll take note of two of this week’s developments. China – in an about-face – implemented policy easing [...]
Senator Pat Toomey: “Mr. Powell, under the Fed’s new flexible average inflation targeting the inflation target remains at 2%… Core PCE, the Feds [...]
I posted a link Thursday morning to a Bloomberg article, “New Coronavirus Variant a ‘Serious Concern’ in South Africa.” The seemingly small outbreak [...]
November 19 – Reuters (Francois Murphy and Paul Carrel): “Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown, it [...]
Bloomberg Television’s Jonathan Ferro (November 12, 2021): “You wrote a scathing piece in the Financial Times this week. I want to start with a quote from [...]
More evidence this week of a historic mania running unchecked. 1999 was crazy, but at least that mania was relatively contained within Internet and technology [...]
Tesla’s market capitalization surpassed $1.1 TN this week, the first junk-rated company with a trillion-dollar valuation. Now the richest individual in the [...]
Please join Doug Noland and David McAlvany this coming Thursday, October 28th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q3 recap [...]
Now that was wild. Let’s start with the Chinese developers. Indicative of the more troubled companies, Kaisa Group bond yields surged to almost 51% in [...]
Another big miss for non-farm payrolls, with September’s 194,000 jobs gain less than half the 500,000 forecast. But with the Unemployment Rate down to 4.8% [...]
